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Wednesday, May 4, 2022
National Beef says US beef prices set to increase
Major US meatpacker National Beef, owned by Brazilian giant Marfrig Global Foods, said US beef prices are expected to increase in the months ahead, Bloomberg reported.
Wednesday, May 4, 2022
China Hog: Price approaches yearly high amid strong surge (week ended Apr 25, 2022)
Hog prices rebounded strongly over the recent week. As the costs of farming, particularly those of feed, continued to rise, hog farmers stood firm on prices even as release volumes expanded. Demand wise, consumers in several cities stocked ...
Friday, April 29, 2022
CEOs of major beef meatpackers deny market manipulation is behind rising beef prices
The CEOs of four major meatpacking corporations denied working together to control beef supplies or prices, defending themselves against claims of profiteering at a US congressional testimony, Bloomberg reported.
Thursday, April 28, 2022
Increased prices characterise India's aquafeed sector
India's fisheries and aquaculture sectors have registered an average annual growth of 7.53% in the last five years.
Thursday, April 28, 2022
Fitch: PT Japfa Comfeed Indonesia Tbk has short-term buffer against high corn, soybean meal prices
PT Japfa Comfeed Indonesia Tbk's pricing power, EBITDA margin headroom and capex flexibility provide a buffer against the impact of high corn and soybean meal prices in the short run, said Fitch Ratings.
Wednesday, April 27, 2022
Norway salmon prices soar to record highs
Statistics Norway said salmon prices in the country has soared to a new high of NOK 94.63 per kg, but the salmon industry said the real figure is higher than NOK 100 per kg and continues to rise, Fish Information & Services reported.
Wednesday, April 27, 2022
Beef prices driven by strong demand, constrained production and record inflation, Tyson CEO says
A combination of market forces, including consistently strong demand for finished beef, constrained production due to labor shortages caused by the pandemic and record inflation, have been driving current beef prices, Tyson Foods president ...
Wednesday, April 27, 2022
Wheat prices in Russia continue to rise thanks to exports
The IKAR agriculture consultancy said Russian wheat prices have continued to rise thanks to ongoing exports from its Black Sea ports, with prices up US$10 to US$380 free on board (FOB) for wheat with 12.5% protein content, Reuters reported.
Monday, April 18, 2022
Egg prices rising due to bird flu and Russia's invasion into Ukraine
As Russia's invasion into Ukraine affects grain exports to Europe and the Middle East, severe outbreaks of avian flu in the United States and France are also limiting global egg supply and hiking costs for the food staple, Reuters reported.
Monday, April 18, 2022
FAO cereal price index at highest level since 1990
The FAO cereal price index averaged 170.1 points in March, up 24.9 points (17.1%) from February and the highest level since 1990.
Monday, April 18, 2022
FAO price index: Pig meat prices saw biggest monthly increase in March since 1995
The FAO Meat Price Index averaged 120.0 points in March, up 5.5 points (4.8%) from February, reaching an all-time high.
Thursday, April 14, 2022
China Hog: Prices strengthen despite tumbling demand (week ended Apr 11, 2022)
Hog releases decreased prominently, hence supporting prices to move higher. However, overall demand for pork was hampered by the covid situation in China, particularly in Shanghai where drastic lockdown measures crushed weekly pork slaughte ...
Wednesday, April 13, 2022
Malaysian consumer group calls for increasing chicken ceiling price
The Malaysia Consumers Movement has supported calls to increase the chicken ceiling price from MYR 8.90 (~US$2.10; MYR 1 = US$0.24) per kg to MYR 9.90 (~US$2.34) per kg because of a shortage of the meat, Free Malaysia Today reported.
Wednesday, April 13, 2022
Ireland's swine industry affected by rising grain and protein prices
Meat Industry Ireland (MII) informed the Irish government that the country's swine industry is losing EUR 15 million (~US$16.2 million; EUR 1 = US$1.08) monthly due to rising grain and protein prices, The Times reported.
Tuesday, April 12, 2022
South African Association of Meat Importers and Exporters warns of rising chicken prices
The South African Association of Meat Importers and Exporters said chicken prices are expected to increase, and has called for the removal of trade tariffs on all poultry products and a three-year moratorium on any new tariffs to ease consu ...
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